Greetings from Xpert Nifty
Today after 4 state election result we have seen a huge gap up opening in nifty and in sensex.
Nifty is trading around 6390 which is almost 90 points or 1.37 % higher from previous close,
Bank nifty future also train running around 12,140 which is almost 330 points or 2.80% higher from previous close.
Intraday traders should stay cautious as due to this heavy gap up opening market may consolidate at current level for sometime nifty may remain in the range of 6350 to 6460 for few days and after that we can see a clear break out which lead the trend.
looking at the chart nifty future is in up trend and 6480 will act as a strong resistance anytime close about 6480 may bring a fresh / or attract fresh traders to enter in long position.
Today after 4 state election result we have seen a huge gap up opening in nifty and in sensex.
Nifty is trading around 6390 which is almost 90 points or 1.37 % higher from previous close,
Bank nifty future also train running around 12,140 which is almost 330 points or 2.80% higher from previous close.
Intraday traders should stay cautious as due to this heavy gap up opening market may consolidate at current level for sometime nifty may remain in the range of 6350 to 6460 for few days and after that we can see a clear break out which lead the trend.
looking at the chart nifty future is in up trend and 6480 will act as a strong resistance anytime close about 6480 may bring a fresh / or attract fresh traders to enter in long position.
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